Gardnerville Water Company Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1926

Legal Domicile

Principal Officer

Douglas Sonneman

Phone

7757822339

Tax Period

2025-01-01 to 2025-12-31

Gardnerville Water Company Inc, founded in 1926, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $2.0M left a modest 10% surplus.

Mission

TO PROVIDE WATER SERVICE TO THE RESIDENTS AND BUSINESSES OF THE TOWN OF GARDNERVILLE. THIS SERVICE IS NOT PROVIDED BY A STATE OR LOCAL GOVERNMENT AGENCY OR ANY OTHER UTILITY.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $2,326,489

PROVIDED WATER SERVICE TO THE RESIDENTS AND BUSINESSES OF THE TOWN OF GARDNERVILLE, NEVADA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,326,489

Investment Income $-84,604

Other Revenue $464

TOTAL REVENUE $2,242,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $847,951

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,161,286

TOTAL EXPENSES $2,009,237

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,242,349	$2,399,229	-0.1%
Expenses	$2,009,237	$1,804,819	+0.1%
Net Income	$233,112	$594,410	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$33,600

Key Employees

$403,835

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS SONNEMANN	CHAIRMAN	8.00	Director	$7,150	$0	$7,150
BARBARA HENNINGSEN	VICE CHAIRMAN	6.00	Director	$6,600	$0	$6,600
CARL SPAHR	SECRETARY	6.00	Director	$6,600	$0	$6,600
KENNETH DEERING	TREASURER	6.00	Director	$6,600	$0	$6,600
DAVID ELLISON	MEMBER-AT-LARGE	6.00	Director	$6,650	$0	$6,650
MARK LOVELADY	FORMER MANAGER	40.00	Key Emp	$57,254	$0	$57,254
KRISTIEN BENNETT	FINANCIAL OFFICER & HR	40.00	Key Emp	$133,464	$0	$133,464
JON SUMMERS	WATER OPS SUPERVISOR	40.00	Key Emp	$124,137	$0	$124,137
DAVID BRUKETTA	UTILITY MANAGER	40.00	Key Emp	$88,980	$0	$88,980

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,242,349	$2,009,237	$23,621,687	$233,112
2024	$2,399,229	$1,804,819	$19,515,479	$594,410
2023	$1,686,254	$1,734,882	$18,925,822	$-48,628
2022	$1,972,417	$1,719,143	$19,036,916	$253,274
2021	$1,712,543	$1,476,433	$18,763,748	$236,110
2020	$1,337,505	$1,540,998	$18,530,588	$-203,493
2019	$1,499,372	$1,405,459	$18,733,932	$93,913
2018	$1,358,753	$1,334,916	$18,633,253	$23,837